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according to harrod domar model the level of savings remain constant to the proportion of income.
Harrod-Domar model assumes a simple production function y=f(k), where k is capital

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according to harrod domar model the level of savings remain constant to the proportion of income.
Harrod-Domar model assumes a simple production function y=f(k), where k is capital

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difference between horred-domer and solow model

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It assumes that savings and investment are all that is needed for growth. No diminishing returns to capital is an implicit assumption.

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By the Harrod-Domar model, net investment should be greater than depreciation rate or there should be an increase in the productivity of the factors of production.

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Domar serfdom model was created in 1970.

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